Summit Global Investments Acquires New Stake in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Summit Global Investments bought a new position in Cboe Global Markets, Inc. (NASDAQ:CBOE) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,027 shares of the company’s stock, valued at approximately $591,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CBOE. JPMorgan Chase & Co. lifted its holdings in shares of Cboe Global Markets by 5.4% in the third quarter. JPMorgan Chase & Co. now owns 471,581 shares of the company’s stock valued at $96,613,000 after buying an additional 24,177 shares during the period. Oak Harvest Investment Services acquired a new stake in Cboe Global Markets in the 4th quarter valued at about $977,000. Forge First Asset Management Inc. bought a new position in shares of Cboe Global Markets during the 4th quarter valued at about $8,461,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Cboe Global Markets by 40.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,180 shares of the company’s stock valued at $4,750,000 after purchasing an additional 6,943 shares in the last quarter. Finally, Brentview Investment Management LLC bought a new position in shares of Cboe Global Markets during the 4th quarter valued at about $3,278,000. 82.67% of the stock is owned by institutional investors.

Cboe Global Markets Trading Down 2.1 %

Shares of NASDAQ CBOE opened at $214.77 on Monday. Cboe Global Markets, Inc. has a one year low of $166.13 and a one year high of $223.51. The firm has a market cap of $22.49 billion, a price-to-earnings ratio of 29.75, a PEG ratio of 1.75 and a beta of 0.67. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The business’s 50-day simple moving average is $207.37.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings results on Friday, February 7th. The company reported $2.10 EPS for the quarter, missing the consensus estimate of $2.14 by ($0.04). Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. During the same quarter last year, the firm earned $2.06 EPS. Research analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Friday, February 28th. Cboe Global Markets’s dividend payout ratio (DPR) is currently 34.90%.

Insider Activity at Cboe Global Markets

In other news, CAO Allen Wilkinson sold 228 shares of Cboe Global Markets stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $211.12, for a total transaction of $48,135.36. Following the completion of the sale, the chief accounting officer now directly owns 248 shares in the company, valued at $52,357.76. The trade was a 47.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dave Howson sold 11,036 shares of Cboe Global Markets stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $206.01, for a total transaction of $2,273,526.36. Following the completion of the sale, the executive vice president now owns 8,025 shares of the company’s stock, valued at $1,653,230.25. This trade represents a 57.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,544 shares of company stock valued at $2,380,529. Insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. William Blair assumed coverage on shares of Cboe Global Markets in a report on Thursday, January 9th. They set a “market perform” rating for the company. Keefe, Bruyette & Woods reduced their price objective on Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating for the company in a research note on Monday, January 13th. The Goldman Sachs Group lowered Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 price objective for the company. in a research note on Monday, January 6th. Jefferies Financial Group reduced their price objective on Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating for the company in a research note on Thursday, January 9th. Finally, StockNews.com upgraded Cboe Global Markets from a “sell” rating to a “hold” rating in a research report on Tuesday, March 4th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $206.86.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.